AnswersFinancial MathBusiness Expenses — QuizQuestion 21
21
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Business Expenses — Quiz

Question 21 • Financial Math

A photography studio has fixed monthly expenses of $⁢2,200 for rent and $⁢600 for insurance. Its variable expenses are given by V⁡(q)=15⁢q+200 , where q is the number of photo sessions conducted. Which equation models the total monthly expenses E⁡(q) based on the number of photo sessions q ?

Answer
A
cap e times q is equal to 15 q plus 2 comma 400
B
cap e times q is equal to 15 q plus 2 comma 800
C
cap e times q is equal to 15 q plus 3 comma 000
D
cap e times q is equal to 15 q plus 200

Explanation

Add the fixed expenses: $2,200 for rent plus $600 for insurance equals $2,800. Then add the variable expenses, 15q + $200, to get E(q) = 15q + $3,000. Choice C, E(q) = 15q + 3,000, is correct.

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